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Ocean 08527
18 Monroe Lane
$621,000
● House - Off Market

18 Monroe Lane

Jackson, NJ 08527
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$652,845
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

You won't want to miss this charming colonial home is located at the end of a cul-de-sac street in the desirable Oakley Hill section of Jackson. This home includes a full basement, pool, updated deck...just to name of few items. It also comes complete with an in-law suite. This home also backs up to the woods. Located close to shopping and transportation.
Unit Size
-
Days on Market
-
Land Size
0.43 acres
Price per sqft
-
Property Type
House
Property Taxes
$747
HOA Dues
-
Year Built
1980

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MOMLS #22139106)

Price History

Date / Event Date Event Price
Feb 28, 2022 Sold
Premium
Sold
Dec 17, 2021 Listed by United Real Estate Associates $620,000
Listed by United Real Estate Associates

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 1,044
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,731
  • Total Building Area: 2,404
  • Building Area: 2,404
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,404
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000430
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Jackson Township School District
  • Census Tract: 717001

Zoning

  • Zoning: R20

Geography

  • Assessors Map Reference: TAX MAP 69
  • District: 12
  • Parcel: 12 06902-0000-00021
  • Block: 6902
  • Lot: 21
  • Municipality: JACKSON TWP
  • Latitude: 40.1321
  • Longitude: -74.2457

    Address

  • Full Address: 18 Monroe Ln
  • Address - House Number: 18
  • Address - Street Name: Monroe
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Jackson
  • Carrier Code: C006
  • 4-Digit Zip Code: 1730
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $913,865

    Appraisal Valuation

  • Standard Deviation: 0.2086
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 761,350
  • High Value: 920,189
  • Low Value: 602,510

    Market Valuation

  • Market Total Value: $353,800
  • Market Land Value: $134,300
  • Market Improvement Value: $219,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $353,800
  • Assessed Land Value: $134,300
  • Assessed Improvements Value: $219,500

    Sales

  • Current Sale Contract Date: Feb 22, 2022
  • Current Sale Recording Date: Mar 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 61
  • Current Sale Input Document Number: 38017
  • Previous Sale Recording Date: Mar 03, 2022
  • Previous Sale Contract Date: Feb 22, 2022
  • Previous Sale Amount: $621,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Ocean

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$306

Above Asking

0.16%

Average Days on Market

74

Average Home Size

1581 ft²

Average Home Age

32.5 years

Currently For Sale

3093 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2 Kathleen Drive, Jackson, NJ, 08527

$3,964 /mo

  • 1 Bed
  • 1 Bath
2 Kathleen Drive, Jackson, NJ, 08527 Listing by Sean F Quinn
Unit for rent at 140 Cannonball Drive, Howell, NJ, 07731

$4,300 /mo

  • 4 Beds
  • 2 Baths
  • 1,714 ft²
140 Cannonball Drive, Howell, NJ, 07731 Listing by Isaac Nussbaum

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Jerilyn DiMaio, United Real Estate Associates
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22139106
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 18 Monroe Lane built and last sold?
The property at 18 Monroe Lane was built in 1980 and last sold on Feb 22, 2022 for $621,000.
How much is this home worth?
The estimated value of the home located at 18 Monroe Lane is $0.
What are some comparable homes to 18 Monroe Lane?
There are currently no comparable homes to 18 Monroe Lane.
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